Employee Fringe Benefits

Get the Bargaining Power of a Large Trust for Fringe Employee Benefits

Because our product is held in trust, we’re able to offer your company the benefit of being part of a larger group of contractors, which significantly lowers rates and minimizes risk and liability – particularly for smaller companies. We customize employee fringe benefits for prevailing wage contractors, enabling them to offer union-like coverage.[Read more…]

Definitioner

Fringe Benefits

Fringe benefits provided by the employer to the employee which meet the definitions and requirements under SCA and DBA for compliance, as defined in 29 CFR Part 4, Section 4.171. Contributions irrevocably made to a trustee or third party pursuant to a bona fide fringe benefit fund plan or program. The rate of costs incurred in providing bona fide fringe benefits pursuant to an enforceable commitment to carry out a financially responsible plan or program, which was communicated to the employees in writing. Examples: Life insurance, Health insurance,Pension,Vacation,Holidays, Sick leave, Other "bona fide" fringe benefits

Fringe benefits (Bona Fide Fringe Benefits)

Fringe benefits provided by the employer to the employee which meet the definitions and requirements under SCA and DBA for compliance, as defined in 29 CFR Part 4, Section 4.171. Contributions irrevocably made to a trustee or third party pursuant to a bona fide fringe benefit fund plan or program.
The rate of costs incurred in providing bona fide fringe benefits pursuant to an enforceable commitment to carry out a financially responsible plan or program, which was communicated to the employees in writing.
Examples: Life insurance, Health insurance,Pension,Vacation,Holidays,
Sick leave, Other "bona fide" fringe benefits